Covid Health Policies

The Insurance Regulatory and Development Authority of India (IRDAI), on July 7, 2020, issued a circular allowing health and general insurance companies to offer Arogya Sanjeevani Policy for a minimum sum insured of Rs 50,000 and maximum sum insured not limited to  Rs 5 lakh, subject to the underwriting policy of the insurers. 

At present, the Arogya Sanjeevani Policy comes with a basic health cover of minimum sum insured of Rs 1 lakh and maximum sum insured of Rs 5 lakh.

By amending the guidelines the reach of the Sanjivini policies have increased to much larger group. The response to this flexibility is to be seen in the coming days.


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